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3. If the Reliant missionary wants to pay for the child's event fees through a Reliant Event Fund or DeptDepartment Fund.
In this situation:
- The Event Fund or /Department Fund must have sufficient funds to cover the event fee for the child and the Event Fund/Dept Fund signer must approve the chargesthe child's event fees to be charged to the Event Fund/Department Fund.
- For the child to be a "full participant" and for their costs to not be taxable to the accompanying Reliant missionary parent, 1) the child must be age 13 or older and 2) the Reliant missionary parent must provide a written statement to Reliant for the child, stating the "bona fide business purpose" of the child's participation in the event. These business purposes will be reviewed by the Finance Manager to determine if the "bona fide business purpose" is sufficient based on the IRS guidelines to allow the child's event costs to be non-taxable to the Reliant missionary parent.
Excerpt from IRS Publication on Travel Expenses: Definition of a bona fide business purpose:
- For the child to be a "full participant" and for their costs to not be taxable to the accompanying Reliant missionary parent, 1) the child must be age 13 or older and 2) the Reliant missionary parent must provide a written statement to Reliant for the child, stating the "bona fide business purpose" of the child's participation in the event. These business purposes will be reviewed by the Finance Manager to determine if the "bona fide business purpose" is sufficient based on the IRS guidelines to allow the child's event costs to be non-taxable to the Reliant missionary parent.
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